Riyadh – Mubasher: The Saudi Exchange (Tadawul) announces that the listing and trading of Arabian Contracting Services Company’s (Al Arabia) shares will begin on the Main Market next Monday, 15 November.
Tadawul noted that the daily and static price fluctuation limits will stand at +/- 30% and +/- 10%, respectively, according to a disclosure on Thursday.
The fluctuation limits will be applied during the first three days of listing, until 17 November, yet starting from the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10% while the static price fluctuation limits will no longer apply.
Last month, financial advisor GIB Capital announced that the final price for the initial public offering (IPO) of Arabian Contracting Services was set at SAR 100 per share.
